{"id":564148,"date":"2020-10-08T17:27:47","date_gmt":"2020-10-08T14:27:47","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564148"},"modified":"2020-10-08T17:27:47","modified_gmt":"2020-10-08T14:27:47","slug":"bitcoin-addresses-holding-0-1-btc-or-more-hit-new-ath-of-3148331","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-addresses-holding-0-1-btc-or-more-hit-new-ath-of-3148331\/","title":{"rendered":"Bitcoin Addresses Holding 0.1 BTC or more Hit New ATH of 3,148,331"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>The number of Bitcoin addresses holding 0.1 BTC or more has hit a new all-time high of 3,148,331<\/strong><\/li>\n<li><strong>Bitcoin&#8217;s hash-rate has also hit a new all-time high of 170EH\/s<\/strong><\/li>\n<li><strong>Bitcoin has exceeded 72 days above the $10k psychological price level<\/strong><\/li>\n<li><strong>Bitcoin&#8217;s fundamentals continue to be strong and a move up to $11k is likely<\/strong><\/li>\n<\/ul>\n<p>The number of Bitcoin addresses holding 0.1 BTC or more has reached a new all-time high of 3,148,331. The team at Glassnode noted this milestone via the following Tweet and accompanying chart, which demonstrates <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-supply-held-for-over-1-yr-hits-highest-level-since-2010\/\" target=\"_blank\" rel=\"noopener noreferrer\">the growth of Bitcoin holders<\/a> owning 0.1 BTC or more, since early 2010.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$BTC<\/a> Number of Addresses Holding 0.1+ coins just reached an ATH of 3,148,331<\/p>\n<p>Previous ATH of 3,148,027 was observed on 03 October 2020<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/hZY8dBLpzX\" rel=\"nofollow\">https:\/\/t.co\/hZY8dBLpzX<\/a> <a href=\"https:\/\/t.co\/ulcw2AZtFN\" rel=\"nofollow\">pic.twitter.com\/ulcw2AZtFN<\/a><\/p>\n<p>&mdash; glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1313543457726660614?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 6, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin&#8217;s Hash Rate Hits a New All-Time High<\/h2>\n<p>The team at Glassnode also observed that <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-hashrate-hits-a-new-all-time-high\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin&#8217;s hash rate<\/a> has hit a new all-time high of 170 Exahash per second. Furthermore, this value is a 40% increment since Bitcoin&#8217;s halving this May. Below is the Tweet by Glassnode sharing Bitcoin&#8217;s hash rate milestone along with an accompanying chart that demonstrates this growth plotted alongside BTC&#8217;s price since late 2016.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a> hash rate hits a new ATH and touches 170 exahash for the first time in history on the hourly chart (24h MA).<\/p>\n<p>That is an increase of around 40% since the halving in May, substantially adding to the security of the network.<\/p>\n<p>Live chart: <a href=\"https:\/\/t.co\/lpSkIAtfFm\" rel=\"nofollow\">https:\/\/t.co\/lpSkIAtfFm<\/a> <a href=\"https:\/\/t.co\/Wl1MUODHdZ\" rel=\"nofollow\">pic.twitter.com\/Wl1MUODHdZ<\/a><\/p>\n<p>&mdash; glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1314177202427133953?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 8, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin&#8217;s Fundamentals are Strong<\/h2>\n<p>Just yesterday, Veteran Bitcoin analyst Willy Woo, <a href=\"https:\/\/en.ethereumworldnews.com\/btc-analyst-bitcoins-fundamentals-are-in-moon-mode\/\" target=\"_blank\" rel=\"noopener noreferrer\">pointed out<\/a> that Bitcoin&#8217;s fundamentals were in &#8216;moon mode&#8217; due to BTC&#8217;s adoption. This fact is further demonstrated by the record number of Bitcoin holders owning at least 0.1 BTC and the impressive increment in Bitcoin&#8217;s hash rate since halving.<\/p>\n<h2>What Next for Bitcoin in the Crypto Markets?<\/h2>\n<p>At the time of writing, Bitcoin has maintained 74 days above the crucial $10k psychological price. This is the longest BTC has held its value above the important $10k level and could further confirm that <a href=\"https:\/\/en.ethereumworldnews.com\/2020-is-possibly-the-last-year-bitcoin-btc-will-be-below-10k\/\" target=\"_blank\" rel=\"noopener noreferrer\">2020 will be the last year<\/a> Bitcoin ever goes below this price.<\/p>\n<p>Taking a brief glance at the Bitcoin chart, BTC has once again regained <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-holds-10600-as-the-uks-fca-bans-crypto-derivatives\/\" target=\"_blank\" rel=\"noopener noreferrer\">the $10,600 support zone<\/a> and is currently trading at $10,721 &#8211; Binance rate. This is after the first week of October saw four massive events that would have normally shaken Bitcoin below $10k and possibly $9k. These events were as follows:<\/p>\n<ul>\n<li>Bitmex and its owners being charged by the CFTC and US DoJ for operating an illegal derivatives exchange and violating the Bank Secrecy Act<\/li>\n<li>President Trump testing positive for COVID19<\/li>\n<li>The UK&#8217;s FCA banning crypto derivatives for retail traders<\/li>\n<li>President Trump rejecting a second stimulus bill<\/li>\n<\/ul>\n<p>Once again, these four events would have caused Bitcoin to fall hard in a manner similar to, or worse than the Coronavirus crash of mid-March. However, Bitcoin&#8217;s fundamentals are in &#8216;moon mode&#8217; and BTC could very well be on a path <a href=\"https:\/\/en.ethereumworldnews.com\/crypto-analyst-bitcoin-btc-is-2-wks-from-11k-and-2yrs-from-37k\/\" target=\"_blank\" rel=\"noopener noreferrer\">to retest $11k<\/a> in the short term.<\/p>\n<p>As with all Bitcoin analyses, traders and investors are advised to use adequate stop losses and low leverage when trading BTC on the various derivatives platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: The number of Bitcoin addresses holding 0.1 BTC or more has hit a new all-time high of 3,148,331 Bitcoin&#8217;s hash-rate has also hit a new all-time high of 170EH\/s Bitcoin has exceeded 72 days above the $10k psychological price level Bitcoin&#8217;s fundamentals continue to be strong and a move up to $11k is likely The number of Bitcoin addresses holding 0.1 BTC or more has reached a new all-time high of 3,148,331. The team at Glassnode noted this [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[6962,1233],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564148"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564148"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562079"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}